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 <p>Digital assets manager CoinShares says institutional crypto products saw heavy inflows across the board last week.</p>
 <p>In its latest Digital Asset Fund Flows report, CoinShares&nbsp;finds that institutional investors are upping their allocations to crypto as digital asset investment products see their seventh consecutive week of inflows.</p>
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 <p><em>“Digital asset investment products saw inflows totaling US $293 million last week, bringing this 7-week run of inflows past the US $1 billion mark, leaving year-to-date inflows at US $1.14 billion, making it the third highest yearly inflows on record.”</em></p>
 <p>According to CoinShares, Bitcoin (BTC) exchange-traded product (ETP) investors could be driving much of the inflow volumes.</p>
 <p><em>“Bitcoin ETP trading volumes made up as much as 19.5% of total Bitcoin trading volumes on trusted exchanges. This has rarely happened and suggests ETP investors are participating much more in this rally compared to 2020/21.”</em></p>
 <p>BTC products saw inflows last week that totaled $240 million, bringing the king crypto’s year-to-date inflows to over one billion. Meanwhile, Ethereum (ETH) appears to be in the middle of a turnaround after a year of heavy outflows on the leading smart contract platform.</p>
 <p><em>“Ethereum, saw its largest inflows since August 2022 of US $49 million, with the last 2 weeks signifying a real turnaround in sentiment, likely related to the recent spot-based ETF listing request in the US.”&nbsp;</em></p>
 <p>ETH-rivals Solana (SOL) and Cardano (ADA) saw inflows of $12.4 million and $0.8 million, respectively.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/institutional-capital-flows-into-crypto-etps-cracks-1-000-000-000-mark-for-2023-coinshares-tbt70141.html">https://thebittimes.com/institutional-capital-flows-into-crypto-etps-cracks-1-000-000-000-mark-for-2023-coinshares-tbt70141.html</a></p>

Institutional Capital Flows Into Crypto ETPs Cracks $1,000,000,000 Mark for 2023: CoinShares

TheBitTimes

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